Worldwide In-Vivo Imaging Market is Projected to Show a Sound Growth During the forecast period 2017-2023

The prevalence of diseases such as cancer involves diagnosis of … to know how the cancerous cell are evolving inside the host. This factor is used to provide effective treatment to the cancer patients. This is facilitated by the in vivo imaging techniques. Moreover, in preclinical studies it is often required to test the drug on animal models to know the mechanism of drug binding to its target and vice versa, which has increased the in vivo imaging R&D over the last few years. This facilitates the growth of the market.

A report was published by the National Cancer Institute in 2016, which states that the number of new cancer cases were about 1.6 million in 2016, followed by an increase in the national expenditure for cancer, which was about USD 125 billion in 2010 and is expected to reach USD 156 billion by 2020. This will increase the demand for the diagnosis of cancer, which will boost the market.

Increasing prevalence of cancer, rising R&D in imaging, and increasing healthcare expenditures will drive the growth of the global market over the review period. However, lack of awareness among people as well as skilled physician and high cost of the diagnostics method will restrain the market growth during the assessment period.

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In vivo imaging refers to the visualization of various life processes within an organism. On the basis of this visualization, any abnormality prevailing within the biological systems can diagnosed as the presence of disease. With the increasing global burden of diseases, the demand for effective diagnosis and real time monitoring of treatment’s efficiency during the therapeutic period also increasing. This lead to the development of the in-vivo imaging techniques that facilitates better monitoring and diagnosis at molecular levels. In-vivo imaging techniques involves various technologically advanced paradigms that are used in diagnosis of various types of diseases such as cancer etc. In vivo imaging involves studying the cells’ interaction with the radioisotopes, biomarkers, luminescent proteins, or irradiations with electromagnetic radiations. On the basis of these interactions, the diagnosis and the treatment evaluation is done. Various techniques of in-vivo imaging includes techniques from PET (Positron Emission Tomography) to Diffuse Optical Tomography (DOT).

As per WHO report published in 2017, about 1 in 6 deaths occurred due to cancer in 2015, which made it the second leading cause of the deaths across the globe. Additionally, various types of cancer across the world caused about 8.8 million deaths in 2015, which boosted the market. Moreover, a report by the National Cancer Institute published in 2016 states that about 1.6 million new cases of cancer were diagnosed in 2010 and the national expenditures for cancer expected to reach USD 156 billion by 2020 from USD 125 billion in 2010. Therefore based on these facts, it can be calculated that the market for in-vivo imaging will expand along with the increasing demands for diagnosis and research on cancer. This will enable the U.S. to lead the market.

Rising healthcare expenditures and increasing prevalence of cancer followed by R&D in the imaging technology for the diagnosis of various types of diseases such as cancer are the major drivers of the market growth. However, factors such as lack of awareness, uneven distribution of medical services over the regional boundaries, and low healthcare expenditures in developing countries may hamper the market growth over the assessment period.

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Global In vivo Imaging Market Players

Some of the key players profiled in the report are Bruker, MILabs B.V., FUJIFILM VisualSonics Inc., Mediso Ltd., LI-COR, Inc., Aspect Imaging., TRIFOIL IMAGING, MR Solutions, Biospace Lab S.A., and New England Biolabs.

Regional Analysis

The Americas holds the largest market share and will continue to lead the marker during the given period due to high healthcare expenditures, the presence of global players, and high acceptance of new technologies within the region.

Europe is the second largest market owing to the presence of effective healthcare structure and well-developed economies.

Asia Pacific region is expected to grow rapidly. China and India are likely to lead this market due to the fastest growing healthcare sector during the forecast period.

The Middle East & Africa have the least market share. Additionally, factors such as lack of awareness, low healthcare expenditures will restrain the market during the corresponding period.

Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global In vivo Imaging Market” Research Report – Forecast till 2023.

Segmentation

The global in vivo imaging market has been segmented on the basis of applications, techniques, and end users.

Based on the application, the market has been segmented as nuclear imaging, optical imaging, and others.

Based on the techniques, the market has been segmented as radioisotopes based, biomarkers based, luminescent proteins based technique, and others.

Based on the end users, the market has been segmented as hospitals & clinics, imaging centers, research organizations, and others.

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Global In-vivo Imaging Market - Competitive Analysis

November, 2017 - Aspect Imaging presented its Embrace® Neonatal MRI System at RSNA 2017. As per company reports, it is world’s first FDA-cleared and CE-approved dedicated MRI system installed in the NICU, and was showcased at Radiological Society of North America (RSNA) conference. The company is also announced its partnership with Natus Medical Inc. as its exclusive US distributor for Embrace. Additionally, Natus Medical Inc, is one of the leading provider of healthcare products and services, had collaborated exclusively distribute Embrace® Neonatal MRI system in North America. With this partnership, Embrace will reach more infants in NICUs in the US and Canada and improve neonatal care.

June, 2017 - MILabs B.V. provides high-end molecular imaging solutions for biomedical and pharmaceutical research. MILabs Launched new 5-series pre-clinical imaging platform at SNMMI 2017. As per company reports, this integrated PET-SPECT-OI-CT imaging solution is expected to enable even more significant breakthroughs in anatomical, functional and molecular imaging.

February, 2017 - New England Biolabs presented its innovations for NGS sample preparation at AGBT 2017. In this conference, clients, collaborators, and NEB scientists showcased data on new and upcoming NEBNext® technologies for RNA sequencing, enzyme-based DNA fragmentation and methylome analysis.

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